Future of Crypto Currencies

Hello guys,

Cryptocurrency is a digital currency.

Advantages:

Cryptocurrency is readily available to the general public. Almost anyone can make use of it. It is a decentralized operation and investors from all over the world have easy access to them. Even there is no need for a third party like a bank whom you need to trust in.

Disadvantages:

1. There is a possibility of losing your wallet. If you have stored the money in the form of digital currency on your phone or computer, you better remember your password and not lose those devices. Losing your coins means you won\'t be able to retrieve it, even with the help of legal assistance.

2. If you mistakenly pay someone by using cryptocurrency, then there is no way to get a refund of the amount paid.

Hello everyone!

Cryptocurrency is a virtual currency whose transaction details are stored in blockchain. This blockchain technology is based on the decentralised systems concept, meaning that no single person/company has the sole authority. Also, the data stored in these blocks are immutable, so the chances of data loss are negligible.

These technologies make cryptocurrencies a more secure way of transaction that anybody can trust. As we all know online transactions of money are increasing, hackers and frauds also have evolved and found their way to fraud people and take their hard-earned money.

So far cryptocurrencies are a solution for this and if more people get aware of it, this will be a boon for our future generation.

Hello my panel members,

The topic of future of crypto currencies is the most discusses topic nowadays especially after the introduction of Bitcoin.

Cryptocurrencies are nothing but digitised form of money. Being a part of digitised world it is obviously prone to attacks cyber attacks. But also the advantages of cryptocurrencies cannot be ignored as it is the most convenient mode of currency.

Being in digitised form it encourages to make the country digitally equipped with electronic cash rather than paper cash. Ultimately leading to keep a track of all payments made it also reduces the conversion of black to white.

Hence future of cryptocurrencies are bright subject to attacks faced by digital economy.

I think bitcoin will have a great future. This can be easily understood by;

* no third party involvement (which is central bank and government).
* easy to used and converted to physical objects as we know big companies were deals in crypto.
*as it is limited currency we know rate goes up having a max return or profit.
* the whole world having a single currency system that is crypto. If no competition between them But also having a large demerit which tends his future is worse.
*hacker used that.
* crime increases as it has no involvement of the third party.
* direct tax gets reduced.
*maybe the whole system gets crashed.
* government restrictions.
* not easily understand by a large group of peoples.

Hii everyone!

Today our topic is the future of cryptocurrency.

I consider that cryptocurrency is very beneficial for us. And cryptocurrency is a type of money transaction between the peoples. And we also consider it in the digitalisation. Cryptocurrency is a type of computer program that was made by use of algorithms in which there is only online transaction as much as you need. And there is not any type of notes and money everything is based on online payment. A few times ago, this is much popular in bitcoin. And bitcoin is a type of cryptocurrency. Which rates is increases and decreases in some times.

Finally, I totally agree with these and it is also secured in the field of hackers.

Thank you.

Everything has 2 aspects positive and negative if look to the positive side;

Cryptocurrency is very good for countries like India because there is less value of rupees in the international market by using cryptocurrency this can be eliminated.

Interfere of the third party may stop not need to take the permission to a transaction.

The need of currency exchange can be stopped so that we can buy and sell everything all over the world.

Negative:

Due to this, jobs in the banking sector will drastically reduce.

There is no one to take responsibility if any fraud happens.

It will not be easy to start in developing counties like India because of a lack of knowledge of a common person.

Hello everyone,

A cryptocurrency is a form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities.

Some experts believe blockchain and related technologies will disrupt many industries, including finance and law.

The advantages of cryptocurrencies include cheaper and faster money transfers and decentralized systems that do not collapse at a single point of failure.

The disadvantages of cryptocurrencies include their price volatility, high energy consumption for mining activities, and use in criminal activities.

Hello everyone.

Cryptocurrency is a digital and virtual currency. The craze of cryptocurrency.

Increases day by day. It is mostly used in digital markets like share markets.

We used it for national and international transactions also. It takes very less time and provides fast transection speed it it saves our time.

There are 4000+ cryptocurrency available in the market and the price of currency fluctuate from time by time.

In India the future of cryptocurrency is uncertain now we can't say anything about it. According to our government policy, we have to pay 30% tax to our government on transactions by crypto currency.

Cryptocurrency is a digital currency which is secured by cryptography (encrypted form). Bitcoin, Litecoin, Mintcoin are some types of cryptocurrency. Bitcoin is the First cryptocurrency generated in 2009 via open source software though solving difficult puzzles. It was first introduced by Satoshi Nakomoto.

It is not legal currency, there is no central authority to control it, its value fluctuates frequently.

However, it is encrypted but it is not secure and safe due to hacking and frequent losses due to its totality. Now, the government ban it in India because of its leads to money laundering, hacking etc.

Hello everyone,

A cryptocurrency is a digital or virtual currency that uses cryptography to secure and also cryptocurrency has no central authority.

According to me, cryptocurrency is not good for the society as the value of the cryptocurrency always keeps on fluctuating. Also, there is no governing body so as the cryptocurrency is hacked, no one will take responsibility to repay our money and if the value of cryptocurrency decreases if will affect more than the decrease in the value of dollar or Indian currency.

Ex -one of my friends invested 5000 in cryptocurrency and now its market value is only 1500.